U.S. Gas Prices Have Trended Steadily Downward

Lucky motorists in Houghton Lake, Michigan, were able to fuel up with the ultra low price regular gas Sunday at the Beacon and Bridge Market. Prices fluctuated but briefly hit a low of 47 cents a gallon, according to GasBuddy.

U.S. gas prices have trended steadily downward , falling from $3.58 a gallon to $1.89 in GasBuddy's 18 month nationwide survey, as the international price of crude oil dropped below $30 a barrel.

In Michigan, the low prices, well below the national average of $1.89 a gallon, may have stemmed from local competition. A Marathon station in Houghton Lake sold fuel for 95 cents a gallon Sunday according to GasBuddy.

By Monday, the price of regular at the two Houghton Lake stations was up to $1.46 and $1.47 a gallon.